Bitcoin just spiked > 42,000 a few minutes ago - like somebody flipped a switch | |
Anonymous Coward User ID: 79044425 United States 02/08/2021 07:59 AM Report Abusive Post Report Copyright Violation | |
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junglekid
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Anonymous Coward User ID: 78576101 United States 02/08/2021 08:23 AM Report Abusive Post Report Copyright Violation | It was short covering with lots of traders having stops just above ATHs. So now we see what kind of squeeze it gets, what levels of support It builds. My little pet theory is BTC has been invented to wipe millennials out. They are going to let this thing get big, and then outlaw crypto for any and all legitimate business / lawful holding (think FDR gold), and literally tank it. Ruining what small bit of wealth millennials have been able to accumulate. Be careful. They are coming for it. And part of coming for it is letting it get BIG. I’m still in the 100k club for a wild ass guess on price, followed by sub 1000 when governments of the world prohibit holding any significant amount and any use outside of novelty. |
Anonymous Coward User ID: 29242957 United States 02/08/2021 08:25 AM Report Abusive Post Report Copyright Violation | cha ching! going ape shit. Quoting: CharlieFoxtrot [link to cointelegraph.com (secure)] Tesla's words: ...we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future... https://twitter.com/_/status/1358761373975642114 "THEY" can switch it the other way just as easily...fools. |
Anonymous Coward User ID: 69288802 United States 02/08/2021 08:29 AM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 79232277 United States 02/08/2021 08:34 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78527880 Canada 02/08/2021 08:36 AM Report Abusive Post Report Copyright Violation | It was short covering with lots of traders having stops just above ATHs. So now we see what kind of squeeze it gets, what levels of support It builds. My little pet theory is BTC has been invented to wipe millennials out. Quoting: Anonymous Coward 78576101 They are going to let this thing get big, and then outlaw crypto for any and all legitimate business / lawful holding (think FDR gold), and literally tank it. Ruining what small bit of wealth millennials have been able to accumulate. Be careful. They are coming for it. And part of coming for it is letting it get BIG. I’m still in the 100k club for a wild ass guess on price, followed by sub 1000 when governments of the world prohibit holding any significant amount and any use outside of novelty. Number #1 Where is all the inflation going ? #2 Why would the big boys be buying. I thought the same but now ? |
wattsun
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Anonymous Coward User ID: 79044425 United States 02/08/2021 08:40 AM Report Abusive Post Report Copyright Violation | Quoting: ^TrInItY^ BUT!.....But.....but Elon likes Doge......lol...... |
Anonymous Coward User ID: 79742322 United States 02/08/2021 08:42 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78349802 United States 02/08/2021 08:45 AM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 79275646 United States 02/08/2021 08:49 AM Report Abusive Post Report Copyright Violation | Quoting: ^TrInItY^ This marks the start of the next bull run. Other companies are invested more heavy in BTc than tesla, but tesla has the exposure. Strap in. And I'm warning, get out of doge take profit now if you haven't. |
panther0621
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FirtyFree
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Anonymous Coward User ID: 79232277 United States 02/08/2021 08:54 AM Report Abusive Post Report Copyright Violation | Quoting: ^TrInItY^ This marks the start of the next bull run. Other companies are invested more heavy in BTc than tesla, but tesla has the exposure. Strap in. And I'm warning, get out of doge take profit now if you haven't. BTC can't grow beyond what it is now because there's an artificial limit on the number of transactions BTC can process in a single day. We're currently at or bumping into that limit every day. Just like if you had to obey a speed limit of 20 mph you'd never be able to go cross country, similarly BTC's price can't continue to grow if there is an artificial limit on its usefulness. That's why DASH solved the scalability problem in 2015 with masternodes. Masternodes let full node operators recieve payment from the block reward just like miners. That means when more people try to use the network, they can handle the load because that's what they're paid to do. In BTC, only miners get paid, full node operators are volunteers. As more people use the network, the blocks get bigger and it gets more expensive to run the computers to transfer them to each other and form the network. This is why BTC has that artificial transaction limit. |
FirtyFree
User ID: 79695176 United States 02/08/2021 08:55 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78349802 United States 02/08/2021 08:55 AM Report Abusive Post Report Copyright Violation | It was short covering with lots of traders having stops just above ATHs. So now we see what kind of squeeze it gets, what levels of support It builds. My little pet theory is BTC has been invented to wipe millennials out. Quoting: Anonymous Coward 78576101 They are going to let this thing get big, and then outlaw crypto for any and all legitimate business / lawful holding (think FDR gold), and literally tank it. Ruining what small bit of wealth millennials have been able to accumulate. Be careful. They are coming for it. And part of coming for it is letting it get BIG. I’m still in the 100k club for a wild ass guess on price, followed by sub 1000 when governments of the world prohibit holding any significant amount and any use outside of novelty. Number #1 Where is all the inflation going ? #2 Why would the big boys be buying. I thought the same but now ? The "big boys" are going to take their money and Joe six pack's money along with it like they always do. Then joe has to hodl until the next cycle years from now, if there is another one. |
Anonymous Coward User ID: 22067365 United States 02/08/2021 08:56 AM Report Abusive Post Report Copyright Violation | It was short covering with lots of traders having stops just above ATHs. So now we see what kind of squeeze it gets, what levels of support It builds. My little pet theory is BTC has been invented to wipe millennials out. Quoting: Anonymous Coward 78576101 They are going to let this thing get big, and then outlaw crypto for any and all legitimate business / lawful holding (think FDR gold), and literally tank it. Ruining what small bit of wealth millennials have been able to accumulate. Be careful. They are coming for it. And part of coming for it is letting it get BIG. I’m still in the 100k club for a wild ass guess on price, followed by sub 1000 when governments of the world prohibit holding any significant amount and any use outside of novelty. I don't know... something people don't look at is, as Bitcoin keeps going up and up in value, the Bitcoin millionaires and billionaires have more "pull" with crypto laws. We all know governments are beyond crooked (look at Biden's fake Presidential "win"). They don't care where the bribes come from. As Bitcoin money begins to grease the wheels of politics, they are likely going to keep Bitcoin safe and crush any other crypto competitors. I think that's a much more likely future... |
Pickett
User ID: 79979814 United States 02/08/2021 09:02 AM Report Abusive Post Report Copyright Violation | Musk needs to go to Jail This guy is pushing the card way to much Look at the game he is playing on Twitter Read his recent tweets All related to stocks pretty much in terms of subliminal messages He can pre buy a stock then a week later pretty much mention the stock and then everyone jumps in the game He then dumps the shares to make bank |
BBQ BOY™
User ID: 72493816 United States 02/08/2021 09:05 AM Report Abusive Post Report Copyright Violation | https://twitter.com/_/status/1358763044181078017 "Never underestimate the pain of a person. In all honesty, everyone is struggling. Just some people are better at hiding it than others." Everyone has to work out their own salvation. Life can only be understood backwards, but it must be lived forwards. |
Anonymous Coward User ID: 79731757 Ireland 02/08/2021 09:06 AM Report Abusive Post Report Copyright Violation | |
panther0621
User ID: 27944307 United States 02/08/2021 09:07 AM Report Abusive Post Report Copyright Violation | Musk needs to go to Jail Quoting: Pickett This guy is pushing the card way to much Look at the game he is playing on Twitter Read his recent tweets All related to stocks pretty much in terms of subliminal messages He can pre buy a stock then a week later pretty much mention the stock and then everyone jumps in the game He then dumps the shares to make bank he probably didn't touch certain things. just hype. maybe gave some money away on doge. he is telling the common person how to make a few to thousands of dollars moving digits between accts. now his company has made a SEC allowed statement he is going into bitcoin with tesla. great move. tesla is a futuristic company. that is why it doesn't make money yet but stock allows for it to work on things. |
BBQ BOY™
User ID: 72493816 United States 02/08/2021 09:08 AM Report Abusive Post Report Copyright Violation | $ 43,498 "Never underestimate the pain of a person. In all honesty, everyone is struggling. Just some people are better at hiding it than others." Everyone has to work out their own salvation. Life can only be understood backwards, but it must be lived forwards. |